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Allbirds joins a wave of apparel retailers – including medical scrubs maker FIGS Inc, eyewear company Warby Parker Inc and Roger Federer-backed shoemaker On Holding AG – which have seen strong debuts in the United States this year as the IPO market continues its bullish course.
Allbirds, backed by asset manager Franklin Templeton, said it priced its IPO of 20.2 mln shares at $15 a piece. https://refini.tv/3nR2MIL
Last week, the company said it aimed to be valued at more than $2 billion in the IPO..
Shares of the San Francisco, California-based company are expected to begin trading on the Nasdaq on Nov. 3 under the ticker “BIRD”.
Morgan Stanley (NYSE:MS), J.P. Morgan and BofA Securities are the lead underwriters for the offering.
